J M Smucker Co (SJM) Shares Sold by Billeaud Capital Management Inc.

Billeaud Capital Management Inc. reduced its stake in shares of J M Smucker Co (NYSE:SJM) by 1.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,989 shares of the company’s stock after selling 251 shares during the quarter. J M Smucker comprises approximately 0.9% of Billeaud Capital Management Inc.’s portfolio, making the stock its 23rd largest holding. Billeaud Capital Management Inc.’s holdings in J M Smucker were worth $1,682,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently made changes to their positions in SJM. Honkamp Krueger Financial Services Inc. acquired a new stake in J M Smucker during the 3rd quarter worth $103,000. Truvestments Capital LLC purchased a new position in J M Smucker during the 3rd quarter worth $154,000. CWM LLC grew its position in J M Smucker by 347.5% during the 3rd quarter. CWM LLC now owns 1,763 shares of the company’s stock worth $181,000 after purchasing an additional 1,369 shares during the last quarter. Tower Research Capital LLC TRC purchased a new position in J M Smucker during the 2nd quarter worth $202,000. Finally, Qube Research & Technologies Ltd purchased a new position in J M Smucker during the 2nd quarter worth $207,000. Hedge funds and other institutional investors own 79.30% of the company’s stock.

Several brokerages have recently weighed in on SJM. Zacks Investment Research reaffirmed a “sell” rating on shares of J M Smucker in a report on Thursday, November 15th. Credit Suisse Group set a $95.00 price objective on shares of J M Smucker and gave the company a “sell” rating in a research note on Friday, September 21st. Wolfe Research cut shares of J M Smucker from a “peer perform” rating to an “underperform” rating in a research note on Wednesday, September 26th. ValuEngine upgraded shares of J M Smucker from a “sell” rating to a “hold” rating in a research note on Monday, October 22nd. Finally, Barclays reiterated a “hold” rating and issued a $103.00 price objective on shares of J M Smucker in a research note on Sunday, December 2nd. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. J M Smucker currently has an average rating of “Hold” and a consensus price target of $119.50.

J M Smucker stock traded up $0.71 during trading on Friday, reaching $102.19. The company had a trading volume of 717,082 shares, compared to its average volume of 1,120,310. J M Smucker Co has a 12-month low of $91.32 and a 12-month high of $133.38. The company has a market cap of $11.34 billion, a price-to-earnings ratio of 12.84, a PEG ratio of 2.09 and a beta of 0.50. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.57 and a current ratio of 1.25.

J M Smucker (NYSE:SJM) last released its earnings results on Wednesday, November 28th. The company reported $2.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.29 by ($0.12). J M Smucker had a net margin of 17.59% and a return on equity of 12.03%. The company had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $2.05 billion. During the same quarter in the previous year, the firm posted $2.02 earnings per share. J M Smucker’s revenue for the quarter was up 5.1% compared to the same quarter last year. Sell-side analysts predict that J M Smucker Co will post 8.03 EPS for the current year.

In other J M Smucker news, Director Kathryn W. Dindo acquired 500 shares of the firm’s stock in a transaction on Friday, December 27th. The stock was bought at an average cost of $92.20 per share, for a total transaction of $46,100.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David J. Lemmon sold 1,017 shares of the business’s stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $92.99, for a total transaction of $94,570.83. The disclosure for this sale can be found here. Over the last 90 days, insiders purchased 32,000 shares of company stock valued at $3,234,860. 3.92% of the stock is owned by insiders.

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About J M Smucker

The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates in four segments: U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Away From Home. The company primarily offers coffee, pet food and pet snacks, peanut butter, fruit spreads, shortening and oils, baking mixes and ready-to-spread frostings, frozen sandwiches, flour and baking ingredients, juices and beverages, and portion control products.

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Institutional Ownership by Quarter for J M Smucker (NYSE:SJM)

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